Jesse's Cafe Americain yesterday posted an excellent analysis of the precious metals market derivatives data reported by the the U.S. Office of the Comptroller of the Currency for the second quarter this year. Jesse remarks:

From Tactical and Technical Trends
Military Intelligence Division
U.S. War Department
November 4, 1943

German Currencies in Occupied Countries

With Allied occupation of European countries in its first stages, the monetary problem is one which must be met. Some years ago, the Germans considered this situation, and perhaps their experience may be of value.

An updated complaint in the class-action lawsuit against JPMorganChase alleging manipulation of the silver futures market, filed this week in U.S. District Court for the Southern District of New York, details the mechanisms of the manipulation and some of the traders executing it.

More news media-monitoring cables from the U.S. Embassy in Beijing to the State Department in Washington show that both China's government and the nation's financial press, tightly controlled by the government, consider gold to be the main weapon in a world currency war that is under way.

China knows that the U.S. government and its allies in Western Europe strive to suppress the price of gold, and the U.S. government knows that China knows, according to a 2009 cable from the U.S. Embassy in Beijing to the State Department in Washington.